By: Bruce Rutherford, International Director, JLL Global Energy Practice Group
This is the first in a three-part series examining common real estate pitfalls energy companies should avoid. JLL’s Global Energy Practice Group will share market insights and real estate expertise with energy companies at the 2018 NAPE Summit, Feb. 8-9, in Houston. Visit us at booth 3111.
“A narrowing of the gap between buyers’ bids and sellers’ asking prices has created a sweet spot in the Houston market where deals are getting done. Add to this peak-level pricing in most other markets, and Houston is set to see an increase in the number of office… Read More
Coworking presents a solution to a variety of workplace challenges, offering a pay-as-you-go alternative to traditional office space. Typically thought of as a place for budding start-ups, coworking can help solve common business challenges regardless of where a company is in its life cycle.
Below we explore both the advantages and… Read More
Hurricane Harvey made landfall as a Category 4 storm, August 25, 2017, northeast of Corpus Christi, Texas. The slow moving system was quickly downgraded to a tropical storm but would eventually dump an estimated 19 trillion gallons of water onto Southeast Texas. Harvey wreaked havoc on… Read More
By: Ronnie Deyo, executive vice president and office team lead, JLL Houston
Despite Hurricane Harvey’s widespread devastation, Houston’s office properties fared relatively well, with less than 60 office buildings reporting damage from the storm. As a result, the office market, by-and-large, stayed its course through the close of… Read More
When it comes to premium office space it seems there’s always a market for it, even in an economic downturn. Despite consolidations, space give-backs and record sublease levels, Houston’s Skyline office buildings are still outperforming the market, commanding top dollar and capturing the lion’s share of leasing activity.
By the numbers:
At 19.5 percent, Houston’s Skyline vacancy remains below the market-wide office vacancy